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Friday, 16 April 10
RBCT COAL DISPUTE RESOLVED - MININGMX
 Miningmx reported that, the long-simmering spat over the coal allocation for producers who will use the expanded facilities at Richards Bay Coal Terminal appears to have reached resolution, with an agreement to be ratified shortly, participants said on Thursday.
At the heart of the dispute was the allocation of limited coal deliveries for the Phase 5 expansion, which lifts RBCT’s export capacity to 91 million tonnes a year. However, the rail utility, Transnet Freight Rail, has capacity for just 65 million tonnes and any allocation to newcomers would have to come out of existing members tonnages.
Existing members of RBCT had to give up a portion of their rail allocation to ensure the producers earmarked to use Phase 5 could get coal to the port, a process which proved difficult to conclude. It is one that had to be reached though to ensure black economic empowerment miners had access to relatively lucrative export markets.
“The settlement is a compromise on the part of both parties and like all good compromises neither party is particularly happy,” said Trevor McGiddy, CEO of SDCT, which has spent R480m towards the R1.2bn Phase 5 expansion that adds 15 million tonnes to annual RBCT capacity.
At full export capacity of 91 million tonnes, the SDCT group, which comprises Exxaro Resources, E/Enterprises and Anker Coal, would have an allocation of six million tonnes out of the 15 million tonnes, which would enable them to recoup their investment in the expansion.
“Of course TFR is not at that 91 million tonnes level so our allocation in the short term until they get there is dependent on their performance,” McGiddy said.
If TFR manages to rail 65 million tonnes, the allocation to the participants in Phase 5 would be around four million tonnes, of which SDCT would have 1.75 million tonnes. “We’ve all had to bite the bullet on this one,” McGiddy said. “The financial model looks significantly different from when we first started the project.”
TFR railed 61 million tonnes in 2009 and expectations it will lift this to 65 million tonnes this year.
Work has progressed on TFR raising haulage capacity to 85 million tonnes as the first step towards reaching 91 million tonnes. “There is a strong cooperation between the coal industry and TFR,” he said.
The industry hope is that TFR will reach that 85 million tonnes level within four years.
Raymond Chirwa, CEO of RBCT, said in a recent presentation that of the 91 million tonnes, BEE companies would have a dedicated allocation of nearly 29 million tonnes or 32%.
The Phase 5 expansion, which is about a year behind schedule, will be commissioned on 1 May 2010.
Chirwa told Miningmx all the issues that had delayed the commissioning, including computer control systems, had been resolved and the expansion was good to go.
Source: Miningmx
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Saturday, 27 June 09
HEAVY CONGESTION AT AUSTRALIAN PORTS REACHING ALL TIME HIGH TO 120 SHIPS IN EAST COAST AUSTRALIA - VISTAAR SHIPPING
COALspot.com (Singapore): The market this week was a bit soft and the BDI was down by almost 10 pct and closed at 3,703 points.
The drop in BDI i ...
Friday, 26 June 09
INDONESIA INVESTORS EYE BHP BILLITON COAL PROJECT
About four Indonesian investors are interested in taking over a coal project owned by BHP Billiton Ltd, a senior government mining official said.
...
Friday, 26 June 09
SOUTH AFRICA'S CONSULTING GROUP OPENS OFFICES IN CHINA, INDONESIA
Consulting engineering company SRK Consulting has opened new offices in Asia to cope with the growing demand for its services in the region.
The ...
Friday, 26 June 09
RUSSIA MECHEL TO DELIVER 2 MLN T COKING COAL TO ASIA
Russian steel and coal producer Mechel said on Thursday it had signed contracts to deliver about 2 million tonnes of coking coal concentrate to unna ...
Friday, 26 June 09
SA COAL EXPORTS UNLIKELY TO BREACH 65MT THIS YEAR
Coal volumes railed to South Africa’s Richards Bay Coal Terminal (RBCT) during the rain-affected first quarter of 2009 had fallen well short o ...
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- Indian Oil Corporation Limited
- Central Electricity Authority - India
- Renaissance Capital - South Africa
- The University of Queensland
- IEA Clean Coal Centre - UK
- Semirara Mining and Power Corporation, Philippines
- LBH Netherlands Bv - Netherlands
- Gujarat Mineral Development Corp Ltd - India
- Pipit Mutiara Jaya. PT, Indonesia
- Ministry of Mines - Canada
- Leighton Contractors Pty Ltd - Australia
- Deloitte Consulting - India
- Alfred C Toepfer International GmbH - Germany
- SN Aboitiz Power Inc, Philippines
- Aditya Birla Group - India
- Simpson Spence & Young - Indonesia
- Dalmia Cement Bharat India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Antam Resourcindo - Indonesia
- GAC Shipping (India) Pvt Ltd
- GVK Power & Infra Limited - India
- PTC India Limited - India
- Bukit Asam (Persero) Tbk - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- Chamber of Mines of South Africa
- Semirara Mining Corp, Philippines
- PNOC Exploration Corporation - Philippines
- Power Finance Corporation Ltd., India
- Savvy Resources Ltd - HongKong
- Planning Commission, India
- Bukit Makmur.PT - Indonesia
- Bahari Cakrawala Sebuku - Indonesia
- Metalloyd Limited - United Kingdom
- London Commodity Brokers - England
- AsiaOL BioFuels Corp., Philippines
- Electricity Generating Authority of Thailand
- Independent Power Producers Association of India
- Bhushan Steel Limited - India
- Latin American Coal - Colombia
- Ceylon Electricity Board - Sri Lanka
- Gujarat Electricity Regulatory Commission - India
- Sree Jayajothi Cements Limited - India
- Grasim Industreis Ltd - India
- Kepco SPC Power Corporation, Philippines
- Africa Commodities Group - South Africa
- Bank of Tokyo Mitsubishi UFJ Ltd
- Altura Mining Limited, Indonesia
- Medco Energi Mining Internasional
- Kartika Selabumi Mining - Indonesia
- Merrill Lynch Commodities Europe
- Meralco Power Generation, Philippines
- Wood Mackenzie - Singapore
- Siam City Cement - Thailand
- Romanian Commodities Exchange
- New Zealand Coal & Carbon
- Xindia Steels Limited - India
- Vizag Seaport Private Limited - India
- Attock Cement Pakistan Limited
- Aboitiz Power Corporation - Philippines
- Rio Tinto Coal - Australia
- Jorong Barutama Greston.PT - Indonesia
- PowerSource Philippines DevCo
- Thai Mozambique Logistica
- Therma Luzon, Inc, Philippines
- Binh Thuan Hamico - Vietnam
- Goldman Sachs - Singapore
- Meenaskhi Energy Private Limited - India
- Krishnapatnam Port Company Ltd. - India
- Chettinad Cement Corporation Ltd - India
- The State Trading Corporation of India Ltd
- SMG Consultants - Indonesia
- CNBM International Corporation - China
- Jindal Steel & Power Ltd - India
- Sojitz Corporation - Japan
- Eastern Coal Council - USA
- ASAPP Information Group - India
- Barasentosa Lestari - Indonesia
- Global Coal Blending Company Limited - Australia
- Interocean Group of Companies - India
- Sical Logistics Limited - India
- Directorate Of Revenue Intelligence - India
- Georgia Ports Authority, United States
- Bhoruka Overseas - Indonesia
- White Energy Company Limited
- Commonwealth Bank - Australia
- European Bulk Services B.V. - Netherlands
- VISA Power Limited - India
- GMR Energy Limited - India
- Madhucon Powers Ltd - India
- Toyota Tsusho Corporation, Japan
- Kohat Cement Company Ltd. - Pakistan
- Bayan Resources Tbk. - Indonesia
- Cement Manufacturers Association - India
- Directorate General of MIneral and Coal - Indonesia
- Indian Energy Exchange, India
- Mintek Dendrill Indonesia
- Price Waterhouse Coopers - Russia
- Parliament of New Zealand
- Coal and Oil Company - UAE
- Mjunction Services Limited - India
- ICICI Bank Limited - India
- Kaltim Prima Coal - Indonesia
- Tata Chemicals Ltd - India
- The Treasury - Australian Government
- Holcim Trading Pte Ltd - Singapore
- Bulk Trading Sa - Switzerland
- Indika Energy - Indonesia
- Maharashtra Electricity Regulatory Commission - India
- Maheswari Brothers Coal Limited - India
- San Jose City I Power Corp, Philippines
- Kumho Petrochemical, South Korea
- Uttam Galva Steels Limited - India
- Bukit Baiduri Energy - Indonesia
- Ministry of Finance - Indonesia
- Heidelberg Cement - Germany
- Australian Coal Association
- TNB Fuel Sdn Bhd - Malaysia
- Central Java Power - Indonesia
- Economic Council, Georgia
- Sindya Power Generating Company Private Ltd
- Trasteel International SA, Italy
- TeaM Sual Corporation - Philippines
- Star Paper Mills Limited - India
- Videocon Industries ltd - India
- Anglo American - United Kingdom
- Ambuja Cements Ltd - India
- Miang Besar Coal Terminal - Indonesia
- Bhatia International Limited - India
- Sakthi Sugars Limited - India
- Coastal Gujarat Power Limited - India
- Neyveli Lignite Corporation Ltd, - India
- Gujarat Sidhee Cement - India
- Jaiprakash Power Ventures ltd
- Minerals Council of Australia
- OPG Power Generation Pvt Ltd - India
- Kobexindo Tractors - Indoneisa
- CIMB Investment Bank - Malaysia
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Samtan Co., Ltd - South Korea
- Globalindo Alam Lestari - Indonesia
- Manunggal Multi Energi - Indonesia
- Siam City Cement PLC, Thailand
- Karaikal Port Pvt Ltd - India
- Marubeni Corporation - India
- India Bulls Power Limited - India
- Larsen & Toubro Limited - India
- Cigading International Bulk Terminal - Indonesia
- Borneo Indobara - Indonesia
- Mercator Lines Limited - India
- Standard Chartered Bank - UAE
- Global Business Power Corporation, Philippines
- Oldendorff Carriers - Singapore
- South Luzon Thermal Energy Corporation
- Pendopo Energi Batubara - Indonesia
- Baramulti Group, Indonesia
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Indo Tambangraya Megah - Indonesia
- Intertek Mineral Services - Indonesia
- MS Steel International - UAE
- Banpu Public Company Limited - Thailand
- Kideco Jaya Agung - Indonesia
- Eastern Energy - Thailand
- Port Waratah Coal Services - Australia
- Orica Mining Services - Indonesia
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Indonesian Coal Mining Association
- Thiess Contractors Indonesia
- Coalindo Energy - Indonesia
- International Coal Ventures Pvt Ltd - India
- Essar Steel Hazira Ltd - India
- Straits Asia Resources Limited - Singapore
- Malabar Cements Ltd - India
- Lanco Infratech Ltd - India
- Bangladesh Power Developement Board
- Singapore Mercantile Exchange
- Edison Trading Spa - Italy
- Iligan Light & Power Inc, Philippines
- Kapuas Tunggal Persada - Indonesia
- GN Power Mariveles Coal Plant, Philippines
- Agrawal Coal Company - India
- Vedanta Resources Plc - India
- Karbindo Abesyapradhi - Indoneisa
- Sarangani Energy Corporation, Philippines
- Petron Corporation, Philippines
- SMC Global Power, Philippines
- Riau Bara Harum - Indonesia
- Bharathi Cement Corporation - India
- Electricity Authority, New Zealand
- Mercuria Energy - Indonesia
- Makarim & Taira - Indonesia
- Posco Energy - South Korea
- PetroVietnam Power Coal Import and Supply Company
- Wilmar Investment Holdings
- Kalimantan Lumbung Energi - Indonesia
- Sinarmas Energy and Mining - Indonesia
- Billiton Holdings Pty Ltd - Australia
- Carbofer General Trading SA - India
- Indogreen Group - Indonesia
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Ind-Barath Power Infra Limited - India
- Energy Link Ltd, New Zealand
- Rashtriya Ispat Nigam Limited - India
- Ministry of Transport, Egypt
- Parry Sugars Refinery, India
- Orica Australia Pty. Ltd.
- McConnell Dowell - Australia
- Salva Resources Pvt Ltd - India
- Vijayanagar Sugar Pvt Ltd - India
- IHS Mccloskey Coal Group - USA
- Petrochimia International Co. Ltd.- Taiwan
- Timah Investasi Mineral - Indoneisa
- Energy Development Corp, Philippines
- Australian Commodity Traders Exchange
- Formosa Plastics Group - Taiwan
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